Morten Sorensen

Copenhagen Business School

Professor of finance

Solbjerg Plads 3

Frederiksberg C, DK - 2000

Denmark

Columbia Business School

Adjunct Associate Professor

3022 Broadway

New York, NY 10027

United States

Centre for Economic Policy Research (CEPR)

Research Fellow

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

15

DOWNLOADS
Rank 1,152

SSRN RANKINGS

Top 1,152

in Total Papers Downloads

19,122

CITATIONS
Rank 2,156

SSRN RANKINGS

Top 2,156

in Total Papers Citations

259

Scholarly Papers (15)

1.
Downloads 4,152 ( 1,491)
Citation 68

Which CEO Characteristics and Abilities Matter?

Swedish Institute for Financial Research Conference on the Economics of the Private Equity Market, AFA 2008 New Orleans Meetings Paper
Number of pages: 49 Posted: 20 Mar 2007 Last Revised: 13 Jan 2015
Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen
University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Copenhagen Business School
Downloads 3,987 (1,571)
Citation 68

Abstract:

CEO characteristics, private equity

Which CEO Characteristics and Abilities Matter?

NBER Working Paper No. w14195
Number of pages: 55 Posted: 04 Aug 2008
Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen
University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Copenhagen Business School
Downloads 165 (147,658)
Citation 68

Abstract:

2.
Downloads 1,764 ( 6,737)
Citation 12

Private Equity and Industry Performance

Harvard Business School Entrepreneurial Management Working Paper No. 10-045, AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 18 Dec 2009 Last Revised: 29 Aug 2011
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strömberg
Stanford Graduate School of Business, Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 1,421 (9,458)
Citation 11

Abstract:

Private Equity and Industry Performance

Netspar Discussion Paper No. 06/2014-023, Stanford University Graduate School of Business Research Paper No. 14-25
Number of pages: 47 Posted: 02 Jul 2014
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strömberg
Stanford Graduate School of Business, Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 255 (97,013)
Citation 10

Abstract:

Private Equity and Industry Performance

NBER Working Paper No. w15632
Number of pages: 40 Posted: 11 Jan 2010
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strömberg
Stanford Graduate School of Business, Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 88 (239,642)
Citation 12

Abstract:

Private Equity and Long-Run Investment: The Case of Innovation

EFA 2009 Bergen Meetings Paper
Number of pages: 49 Posted: 17 Feb 2008 Last Revised: 25 Oct 2014
Morten Sorensen, Per Strömberg and Josh Lerner
Copenhagen Business School, Swedish House of Finance and Harvard Business School - Finance Unit
Downloads 1,394 (9,779)
Citation 51

Abstract:

Buyouts, LBOs, Innovation, Patents

Private Equity and Long-Run Investment: The Case of Innovation

The Journal of Finance, Vol. 66, No. 2, pp. 445-477, 2010
Number of pages: 57 Posted: 27 Oct 2011
Morten Sorensen, Per Strömberg and Josh Lerner
Copenhagen Business School, Swedish House of Finance and Harvard Business School - Finance Unit
Downloads 154 (156,828)
Citation 47

Abstract:

Private Equity and Long-Run Investment: The Case of Innovation

NBER Working Paper No. w14623
Number of pages: 50 Posted: 15 Jan 2009
Josh Lerner, Morten Sorensen and Per Strömberg
Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 71 (273,270)
Citation 51

Abstract:

Skill and Luck in Private Equity Performance

Rock Center for Corporate Governance at Stanford University Working Paper No. 179
Number of pages: 69 Posted: 03 Apr 2014 Last Revised: 16 Dec 2015
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 1,294 (11,019)

Abstract:

Persistence, private equity, venture capital, skill, learning

Skill and Luck in Private Equity Performance

Netspar Discussion Paper No. 04/2014-026
Number of pages: 59 Posted: 08 Jul 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 303 (79,791)

Abstract:

The Public Market Equivalent and Private Equity Performance

Columbia Business School Research Paper No. 13-34
Number of pages: 21 Posted: 02 May 2013 Last Revised: 23 Sep 2013
Morten Sorensen and Ravi Jagannathan
Downloads 850 (21,070)
Citation 1

Abstract:

Private equity, public market equivalent, PME, log utility CAPM, ex-post performance evaluation, generalized method of moments

The Public Market Equivalent and Private Equity Performance

Financial Analysts Journal, Vol. 71, No. 4, 2015, Netspar Discussion Paper No. 09/2013-039
Number of pages: 22 Posted: 01 Nov 2013 Last Revised: 13 Jan 2016
Morten Sorensen and Ravi Jagannathan
Downloads 501 (43,543)

Abstract:

Private equity, public market equivalent, PME, log utility CAPM, ex-post performance evaluation, generalized method of moments

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Review of Financial Studies, Forthcoming, AFA 2009 San Francisco Meetings Paper
Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 13 Jan 2015
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 1,039 (15,616)
Citation 32

Abstract:

Entrepreneurship, Venture Capital, Sample Selection, Liquidity, Endogenous Trading, MCMC, Gibbs Sampling

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

The Review of Financial Studies, Vol. 23, No. 10, pp. 3738-3772, 2011
Number of pages: 63 Posted: 27 Oct 2011
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 93 (231,159)
Citation 31

Abstract:

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Netspar Discussion Paper No. 01/2011-033
Number of pages: 64 Posted: 25 Apr 2011
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 77 (260,427)
Citation 32

Abstract:

How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Number of pages: 63 Posted: 31 Jan 2006
Morten Sorensen
Copenhagen Business School
Downloads 1,050 (15,373)
Citation 78

Abstract:

Venture Capital, Selection Problem, Two-Sided Matching, Bayesian Estimation, MCMC

How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Journal of Finance, Forthcoming
Posted: 13 Mar 2007
Morten Sorensen
Copenhagen Business School

Abstract:

Venture Capital, Selection Problem, Two-Sided Matching, Bayesian Estimation, MCMC

8.
Downloads 940 ( 18,454)
Citation 3

Valuing Private Equity

Number of pages: 58 Posted: 18 Apr 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia University and Shanghai University of Finance and Economics
Downloads 583 (35,703)
Citation 3

Abstract:

Private equity, LP portfolio choice, certainty-equivalent valuation, incomplete markets, illiquidity, non-diversifiable risk, alpha, GP compensation, management fees, carried interest

Valuing Private Equity

Number of pages: 58 Posted: 03 Oct 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 138 (172,110)
Citation 3

Abstract:

Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

Netspar Discussion Paper No. 04/2012-041
Number of pages: 59 Posted: 27 Nov 2012 Last Revised: 15 Jul 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 124 (187,442)
Citation 3

Abstract:

Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

NBER Working Paper No. w19612
Number of pages: 64 Posted: 09 Nov 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 95 (227,803)
Citation 3

Abstract:

9.

Learning By Investing: Evidence from Venture Capital

AFA 2008 New Orleans Meetings Paper
Number of pages: 42 Posted: 13 Mar 2007 Last Revised: 29 Oct 2014
Morten Sorensen
Copenhagen Business School
Downloads 793 (20,497)
Citation 8

Abstract:

Venture Capital, Learning, Multi-Armed Bandit Model, Exploration, Exploitation

10.

Risks, Returns, and Optimal Holdings of Private Equity: A Survey of Existing Approaches

Number of pages: 32 Posted: 30 Jul 2012
Andrew Ang and Morten Sorensen
BlackRock, Inc and Copenhagen Business School
Downloads 542 (20,469)

Abstract:

11.
Downloads 276 ( 89,205)
Citation 4

Estimating Loan-to-Value Distributions

Columbia Business School Research Paper No. 12-15
Number of pages: 57 Posted: 14 Sep 2011 Last Revised: 18 Jun 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 268 (91,647)
Citation 4

Abstract:

Real Estate Prices, Loan-To-Value, Repeat-Sales Price Index, Sample Selection, Bayesian Estimation, Gibbs Sampling, MCMC

Estimating Loan-to-Value and Foreclosure Behavior

NBER Working Paper No. w17882
Number of pages: 59 Posted: 02 Mar 2012
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 8 (521,261)
Citation 4

Abstract:

12.

Identification of Multi-Index Sample Selection Models

Number of pages: 28 Posted: 09 May 2007 Last Revised: 29 Aug 2011
Morten Sorensen
Copenhagen Business School
Downloads 181 (122,738)

Abstract:

Sample Selection Model, Two-Sided Matching

13.

Private Equity and Investment in Innovation: Evidence from Patents

Journal of Applied Corporate Finance, Vol. 25, Issue 2, pp. 95-102, 2013
Number of pages: 10 Posted: 13 Sep 2013
Josh Lerner, Morten Sorensen and Per Strömberg
Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 1 (527,629)

Abstract:

14.

Are CEOs Different? Characteristics of Top Managers

Columbia Business School Research Paper No. 16-27, Paris December 2016 Finance Meeting EUROFIDAI - AFFI
Number of pages: 51 Posted: 15 Mar 2016 Last Revised: 01 Jun 2016
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Copenhagen Business School
Downloads 0 (2,380)

Abstract:

CEOs, CFOs, COOs, Managerial Characteristics, Hiring Decisions, Corporate Governance

Estimating Loan‐To‐Value Distributions

Real Estate Economics, Vol. 44, Issue 1, pp. 41-86, 2016
Number of pages: 46 Posted: 20 Jan 2016
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 0
Citation 3

Abstract:

Estimating Loan-to-Value Distributions

Real Estate Economics, Forthcoming
Posted: 22 Jul 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School

Abstract:

Loan-to-Value, Price Dispersion, Real Estate Indices, Sample Selection, Bayesian Estimation